World Economy

Russian President Vladimir Putin said the biggest achievement during his tenure is economic development with the scale of the country’s economy having almost doubled.

“Our biggest…

India and China have been important engines of regional and global economic growth, a top official of International Monetary Fund said Sunday, noting that a strong economic partnership between…

The International Monetary Fund has told Kenya that it must reduce its alarming fiscal deficit, ensure a sustainable public debt regime and abolish the interest rates cap to put the economy back…

Egypt’s exports to Turkey increased 38.5% in 2017, recording $1.998 billion, compared to $1.443 billion in 2016, Minister of Industry and Foreign Trade Tarek Kabil said on Sunday, Amwal Al Ghad…

Georgia has been named as a striking example of successful tax revenue reforms, the International Monetary Fund’s new report, Balancing Act: Managing the Public Purse, says, Agenda reported.

The US economy is on a tear right now, but it can’t last for long, says Joerg Angele, a senior economist for Austria’s Raiffeisen Bank International and the winner of the February Forecaster of…

In 2008, as the global financial system crashed, the investment portfolio of Norway’s oil fund had its worst year ever, yet the sovereign fund managed to increase in size.

JPMorgan Chase & Co. sees initial public offerings and M&A driving Middle East deals this year in what the US bank expects to be its busiest in the region.

The economy of Gaza, a Palestinian enclave of two million people sandwiched between the Zionist regime of Israel, Egypt and the Mediterranean, is “all but dead”, said Maher Tabba, an official at…

Taiwan’s real gross domestic product is predicted to grow by an annual 2.42% in 2018 due to stable economic growth, a minimum wage hike and a salary increase for public sector employees,…

The (Persian) Gulf Cooperation Council countries will not be able to escape the impact of any global trade wars that could break out following US President Donald Trump’s move to impose tariffs…

South Korea’s export growth rate ranked No. 6 among Group of 20 nations last year, while its imports rose at the fourth-fastest clip, a report showed Sunday.

With legions of profitable, small and midsized Japanese companies at risk of going out of business because there is no one to take the reins from aging bosses, foreign investors are becoming…

Utility RWE said on Sunday it had agreed to sell its 76.8% stake in Innogy to rival E.ON, as part of a complex deal that would position RWE as a clean energy champion.

A new Polish law banning almost all trade on Sundays has taken effect, with large supermarkets and most other retailers closed for the first time since liberal shopping laws were introduced in…

Sri Lanka’s economy is projected to grow 4.4% this year and 5% in the medium term, supported by a recovery in agriculture and industry and robust growth in services, the International Monetary…

Emerging markets had a very strong start this year. Its assets were supported by the ongoing recovery in the global economy, prompting the International Monetary Fund to upgrade its forecast for…

The International Monetary Fund, which controls Baghdad’s access to over $5 billion in international loans, has come out against Iraq’s recently-passed 2018 budget, in large part due to the…

The European Commission has highlighted the progress of French competitiveness but also pointed out structural issues in the French economy, Euractiv.fr reported. The macroeconomic situation in…

US President Donald Trump’s bark on trade policy has so far been far worse than his bite. But this may be changing. In January, he raised tariffs on imported washing machines and solar cells.…

Opening up commercial coal mining for the private sector and allowing 100% foreign direct investment are likely to attract global miners to invest in India, a report said.

Latvia’s ABLV Bank, accused by US authorities of large-scale money laundering, will be allowed to look for new investors for its Luxembourg branch after a court there ruled against forced…

Chile’s development agency Corfo said that companies from China and South Korea, as well as Chile, had been approved to make investments of around $754 million in the red-hot lithium industry,…

Philippines imports continued to outpace exports in January, sustaining the trade deficit that put pressure on the peso at the start of the year. The Philippine Statistics Authority said that…

The EU is struggling to absorb the shock of a populist breakthrough in Italy amid fears that the anti-migrant blowback would threaten a post-Brexit reform drive led by France and Germany.